"i am a Charetered Accountants in Practice"
Discover the extended time limit for filing GST appeals. Learn about the conditions, special extensions, and procedures for appealing GST orders.
Learn about AD Code Registration for smooth customs clearance. Explore benefits, process, and documents required for AD Code registration in India.
GST treatment on cancellation of contract/agreement of sale of Flat/building where the buyer is not registered. Gain insight on refunds and applicable tax/GST
Where an instrument issued to a person has been obtained by him by means of fraud/collusion and such instrument is utilised by a person other than the person to whom the instrument was issued (i.e. transferee/holder of duty credit in case of transferable scrip), the duty relatable to such utilisation of instrument shall be deemed never to have been exempted or debited and such duty shall be recovered from the person to whom the said instrument was issued.
Concept and Origin of of Advance Rulings The concept of advance ruling is discussed and finalised in Kyoto Convention of WCO on the Simplification and Harmonization of Customs procedures and was adopted in June, 1999 as a blueprint for modern and efficient Customs procedures. Article 3 of WTO Agreement on Trade Facilitation, make it obligatory […]
National Logistics Excellence Awards Government launches National Logistics Excellence Awards; Awards will give due recognition to various players involved in the logistics supply chain; Awards will an opportunity to laud the extraordinary measures taken by Organizations to address the deficiencies exposed by the COVID-19 pandemic. The awards are in two categories, the first group includes […]
Quick Response (QR) code on B2C Invoice Particulars of Invoice : Source of Quick Response (QR) code Rule 46 of CGST Rule 2017, prescribed the particulars and details to be incorporated in the Tax Invoice such as name, address and Goods and Services Tax Identification Number of the supplier etc. Vide N/No. 31/2019 – CT […]
Government of Bihar, Department of Industries Resolution Ethanol Production Promotion Policy, 2021 Ethanol in Petrol Government is implementing Ethanol Blended Petrol (EBP) Programme through Oil Marketing Companies (OMCs). At present, Public Sector OMCs are selling upto 10% ethanol blended petrol. Government has notified the National Policy on Biofuels-2018 on 8.6.2018 which indicates a target of […]
GST on Activity or Transaction between Body of Individual (BOI)/Association of Person (AOP) and its Member and Vice Versa proposed vide finance bill 2021 Original Section 7 of CGST Act 2017 effective from 01.07.2017 was as under: Section-7 Scope of supply. (1) For the purposes of this Act, the expression “supply” includes–– (a) all forms […]
‘FREELY CONVERTIBLE CURRENCY’ is not defined in Foreign Exchange Management Act, 1999 [‘FEMA Act’], however it seems that it has been borrowed in Indian Act from Articles of Agreement of the International Monetary Fund [‘Fund’] of United Nation and bye laws thereof; ARTICLE XXX (F) OF ARTICLES OF AGREEMENT OF THE INTERNATIONAL MONETARY FUND defines ‘’a freely usable […]
